Logan Capital Management Inc Lowers stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Logan Capital Management Inc reduced its stake in Monster Beverage Corporation by 1.01% during the most recent quarter end. The investment management company now holds a total of 108,875 shares of Monster Beverage Corporation which is valued at $17,548,473 after selling 1,112 shares in Monster Beverage Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Monster Beverage Corporation makes up approximately 1.39% of Logan Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in MNST by selling 8,974 shares or 17.83% in the most recent quarter. The Hedge Fund company now holds 41,351 shares of MNST which is valued at $6,664,954. Monster Beverage Corporation makes up approx 0.06% of Comerica Bank’s portfolio.First Trust Advisors Lp reduced its stake in MNST by selling 539,126 shares or 93.67% in the most recent quarter. The Hedge Fund company now holds 36,462 shares of MNST which is valued at $5,925,804. Monster Beverage Corporation makes up approx 0.02% of First Trust Advisors Lp’s portfolio.Great West Life Assurance Co Can boosted its stake in MNST in the latest quarter, The investment management firm added 22,861 additional shares and now holds a total of 104,000 shares of Monster Beverage Corporation which is valued at $16,408,080. Monster Beverage Corporation makes up approx 0.05% of Great West Life Assurance Co Can’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. reduced its stake in MNST by selling 789 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 19,965 shares of MNST which is valued at $3,149,878. Monster Beverage Corporation makes up approx 0.08% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.American Century Companies Inc reduced its stake in MNST by selling 120,403 shares or 32.39% in the most recent quarter. The Hedge Fund company now holds 251,322 shares of MNST which is valued at $39,585,728. Monster Beverage Corporation makes up approx 0.04% of American Century Companies Inc’s portfolio.

Monster Beverage Corporation closed down -1.79 points or -1.12% at $157.38 with 5,69,000 shares getting traded on Tuesday. Post opening the session at $158.67, the shares hit an intraday low of $157.32 and an intraday high of $159.2 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Monster Beverage Corporation reported $0.99 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $1.04. The company had revenue of $824.50 million for the quarter, compared to analysts expectations of $804.29 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on Monster Beverage Corporation. Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 190 from a previous price target of $166 .Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 185 from a previous price target of $165 .Monster Beverage Corporation was Downgraded by Wells Fargo to ” Market Perform” on Jul 18, 2016.

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